Without a doubt about Walmart’s Play for the Unbanked
In 2005, whenever Walmart filed a credit card applicatoin with state regulators together with Federal Deposit Insurance Corporation to work its standard bank, a coalition of not likely allies arrived together to protest: bankers, union leaders, politicians, grocers, and activists. Walmart stated it merely wished to reduce a unique costs by processing credit-card and debit-card deals via a bank of the very own, in place of having to pay charges to outside institutions that are financial. However the experts argued that Walmart...